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VOL. 7, ISSUE 4 (2025)
Industrial resurgence: A critical analysis of the ‘Make in India’ initiative on India’s manufacturing growth (2014–2025)
Authors
Keshaw Kumar
Abstract
Since its inception in September 2014, the ‘Make in
India’ initiative has served as the cornerstone of India’s economic strategy to
transform the nation into a global manufacturing hub. This paper provides a
comprehensive evaluation of the program's impact on industrial growth, focusing
on the decade leading up to August 2025. By analyzing trends in Foreign Direct
Investment (FDI), the Manufacturing Purchasing Managers' Index (PMI), and
sectoral growth in electronics and defense, this research argues that while the
initiative faced initial structural bottlenecks, the post-2020 introduction of
Production Linked Incentive (PLI) schemes catalyzed a significant industrial
shift. The paper further examines the role of infrastructure through 'Gati
Shakti' and concludes with policy recommendations to sustain a 25%
manufacturing share in India’s GDP.
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Pages:93-94
How to cite this article:
Keshaw Kumar "Industrial resurgence: A critical analysis of the ‘Make in India’ initiative on India’s manufacturing growth (2014–2025)". International Journal of Commerce and Economics, Vol 7, Issue 4, 2025, Pages 93-94
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